Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction

The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank also conducted the first blockchain-based transaction by a Filipino bank.  The PHX stablecoin is pegged to the Philipino peso and backed by UnionBank reserves. “PHX is a stable store of value, medium of exchange and […]

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